• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Affirm stock closes 21% lower after it got HALTED

Prattay Mazumdar by Prattay Mazumdar
February 11, 2022
in Markets
0
Affirm

Image: Fintech Futures

215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin
Source: Yahoo Finance
Source: Yahoo Finance

Affirm (AFRM) shares slid and were momentarily ended for unpredictability as of now of exchanging on Thursday after the purchase currently pay-later organization posted its quarterly outcomes during market hours, missing on income viewpoint. The print followed an unintentional tweet during the exchanging meeting which uncovered a piece of the outcomes. The stock shut 21% lower at $58.68.

You might also like

Elon Musk explains why he’ll never play GTA 6

US examined Hindenburg allegations before giving loan to Adani

BYJU’S Delays November Pay Of 1K Staffers Citing Technical Glitch

Shares had been in the green in front of results during the exchanging day. A tweet with a portion of the organization’s most recent quarterly outcomes, remembering development for a number of exchanges and dynamic shoppers, was posted before 2 p.m. ET and afterward immediately erased.

In any case, extremely observant market watchers snapped screenshots of the tweet. The stock at first spiked by around 10% after the message on Twitter, then, at that point, offered back a portion of those gains.

$AFRM HALTED 🚨 https://t.co/4ub8TzRNq3

— Markets & Mayhem (@Mayhem4Markets) February 10, 2022

At around 2:48 p.m. ET, the organization posted its full quarterly outcomes, later taking note of a “human mistake” was the reason behind the arrival of “a little piece” of Affirm’s monetary Q2 results which were “incidentally tweeted.”

Shares failed however much 33% after the full outcomes were delivered. The organization posted a more extensive than-anticipated misfortune per offer and Q3 income standpoint which missed Wall Street assumptions.

These are the association’s outcomes for its second quarter of the financial year 2022, contrasted and Wall Street expert agreement assumptions, as assembled by Bloomberg.

Misfortune per share: – 57 pennies versus – 37 pennies anticipated. Income: $361 million versus $332.5 million anticipated. Insist’s second from last quarter income standpoint is $325 million to $335 million. The agreement gauge was for $334.8 million.

A portion of different features from the outcomes include:

  • Gross product volume (“GMV”) for the second quarter of financial 2022 was $4.5 billion, an increment of 115%.
  • Dynamic traders expanded from 8,000 to 168,000.
  • Dynamic purchasers became 150% to 11.2 million and expanded by 2.5 million, or 29%, contrasted with the period finished September 30, 2021.
  • Avow’s stock acquired 105% in 2021. Year-to-date, shares are down over 38%.

Affirm Holdings sees Q3 2022 revenue of $325-335 million, versus the consensus of $330 million. Affirm Holdings sees FY2022 revenue of $1.29-1.31 billion, versus the consensus of $1.28 billion.

It wasn’t the company’s only bad news: in a since-deleted tweet, the Affirm Twitter account posted details regarding its financial performance during Thursday’s trading session. The stock was halted twice on a circuit breaker.

In another tweet, the company apologized, citing human error. This is not the first time earnings reports have leaked prematurely. It has happened before with several other firms, they lost big time!

Tags: AffirmAffirm stockaffirm stock haltedMarkets
Tweet54SendShare15
Prattay Mazumdar

Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at prattay@connasys.com .

Recommended For You

Elon Musk explains why he’ll never play GTA 6

by Ishaan Negi
December 5, 2023
0
Elon Musk explains why he’ll never play GTA 6

The highly anticipated Grand Theft Auto VI (GTA 6) trailer unexpectedly dropped, sending millions of gamers worldwide into a frenzy of excitement and breaking records with over 60...

Read more

US examined Hindenburg allegations before giving loan to Adani

by Ishaan Negi
December 5, 2023
0
US examined Hindenburg allegations before giving loan to Adani

The U.S. government has thrown its financial support behind the Adani Group, an Indian corporation headed by the mysterious billionaire Gautam Adani, in a narrative twist worthy of...

Read more

BYJU’S Delays November Pay Of 1K Staffers Citing Technical Glitch

by Ishaan Negi
December 5, 2023
0
Byju’s Initiates Lender Call for Loan Amendment Proposal Amidst Financial Struggles

In a recent turn of events, BYJU'S, the embattled edtech giant, finds itself grappling with yet another challenge - the delay of November salaries for approximately 1,000 employees....

Read more
Next Post
Photo by Solen Feyissa on Unsplash

How to add the echo effect on TikTok?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
How To Redeem Codes in Fortnite

How To Redeem Codes in Fortnite

December 5, 2023
Blooket

How to hack blooket

September 30, 2022
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to get Santa on ring doorbell

How to get Santa on ring doorbell

August 7, 2022

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?